On September 22, 2014, Ladenburg Thalmann Services announced the purchase of Securities Service Network, Inc (SSN) for $45 million. SSN has about 4500 representatives and annual revenue in excess of $114 million.
A Ladenburg subsidiary, Securities America, announced the acquisition of Sunset Financial Services, earlier this year. The SSN acquisition will increase Ladenburg to 4,000 financial advisers who with $125 billion in client assets generating over a billion in annual revenues.
SSN is currently owned by the David L. and Patricia Coffey Descendants Trust.
Rex Securities Law provides nationwide representation to investors seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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